Tripos swings to loss after charge

SarahTurner

LONDON (MarketWatch) -- Tripos Inc.
trps
said that it swung to a net loss of $1.6 million, or 16 cents a share, in the second quarter of 2006. Last year, the company produced a profit of $0.8 million, or 8 cents a share. The quarter included non-cash charges and preferred stock dividend accruals arising from the issuance of $5.5 million in redeemable convertible preferred stock and common stock purchase warrants in the quarter. Revenue dropped to $8.9 million, from $13.4 million a year ago at the company, which supplies products and services to the biotechnology, pharmaceutical and life science industries. Tripos said that its management continues to actively pursue strategic alternatives and that its goal is to return to positive cash flow in the second half of the year.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.